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It’s Earth Day. This year’s theme is Invest in Our Planet.
For humanitarian and business reasons, Earth Day promotes the benefits of a green economy. Studies show there is a direct correlation between sustainable business practices and business performance.
For example, companies with strong Environment Social Governance (ESG) standards have been shown to have better profitability, stronger financials, happier employees and more resilient stock performance than competitors who have not made the same commitment. Meanwhile, according to Earth Day sponsors, U.S. clean energy jobs provide earnings more than 25 percent above the national median wage and employ more Americans than middle or elementary schools, banks, farms or real estate companies.
According to McKinsey, a sustainability strategy can substantially reduce operating costs and affect profits by up to 60 percent. Sustainability is also an attractive attribute for brand recognition and talent recruitment efforts.
To support decarbonization and other sustainability practices that rely in part on environment, health and safety interventions, industry leaders are encouraged to ensure they comply with applicable regulations and continue to seek ways to reduce exposure risk. WorkCare provides related clinical services and regulatory guidance in this area.
What Can You Do?
In recognition of Earth Day, here are some suggestions about ways you can invest in our planet.
To learn about what it means to buy green. Refer to the U.S. Environmental Protection Agency’s Ecolabel programs.
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